Rockwell Automation, Inc. (NYSE:ROK) Position Lowered by NGAM Advisors L.P.
NGAM Advisors L.P. decreased its stake in shares of Rockwell Automation, Inc. (NYSE:ROK) by 0.5% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 60,849 shares of the industrial products company’s stock after selling 294 shares during the period. NGAM Advisors L.P.’s holdings in Rockwell Automation were worth $9,855,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in ROK. Sumitomo Life Insurance Co. boosted its stake in shares of Rockwell Automation by 194.1% in the second quarter. Sumitomo Life Insurance Co. now owns 11,675 shares of the industrial products company’s stock valued at $1,891,000 after buying an additional 7,705 shares during the last quarter. Elefante Mark B boosted its stake in shares of Rockwell Automation by 1.2% in the second quarter. Elefante Mark B now owns 2,630 shares of the industrial products company’s stock valued at $426,000 after buying an additional 30 shares during the last quarter. Dempze Nancy E boosted its stake in shares of Rockwell Automation by 10.6% in the second quarter. Dempze Nancy E now owns 6,863 shares of the industrial products company’s stock valued at $1,111,000 after buying an additional 658 shares during the last quarter. Gardiner Nancy B boosted its stake in shares of Rockwell Automation by 4.2% in the second quarter. Gardiner Nancy B now owns 7,404 shares of the industrial products company’s stock valued at $1,198,000 after buying an additional 300 shares during the last quarter. Finally, Shell Asset Management Co. boosted its stake in shares of Rockwell Automation by 0.5% in the second quarter. Shell Asset Management Co. now owns 76,743 shares of the industrial products company’s stock valued at $12,429,000 after buying an additional 400 shares during the last quarter. Institutional investors and hedge funds own 73.38% of the company’s stock.
Shares of Rockwell Automation, Inc. (ROK) traded down 0.34% during midday trading on Friday, hitting $161.66. 679,989 shares of the company were exchanged. The stock has a market capitalization of $20.75 billion, a price-to-earnings ratio of 26.07 and a beta of 1.17. Rockwell Automation, Inc. has a 52-week low of $111.52 and a 52-week high of $167.97. The company has a 50-day moving average price of $164.02 and a 200-day moving average price of $157.31.
Rockwell Automation (NYSE:ROK) last posted its quarterly earnings data on Wednesday, July 26th. The industrial products company reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.12. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Rockwell Automation had a return on equity of 40.71% and a net margin of 13.04%. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.55 EPS. On average, analysts forecast that Rockwell Automation, Inc. will post $6.75 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Monday, August 14th will be issued a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend is Thursday, August 10th. Rockwell Automation’s dividend payout ratio (DPR) is 49.03%.
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Several equities analysts recently issued reports on ROK shares. Zacks Investment Research cut shares of Rockwell Automation from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. BidaskClub cut shares of Rockwell Automation from a “hold” rating to a “sell” rating in a research note on Sunday, July 30th. J P Morgan Chase & Co upgraded shares of Rockwell Automation from an “underweight” rating to a “neutral” rating and set a $153.00 target price for the company in a research note on Thursday, July 27th. HSBC Holdings plc reiterated a “hold” rating and issued a $147.00 target price (up from $134.00) on shares of Rockwell Automation in a research note on Saturday, July 22nd. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $167.00 target price on shares of Rockwell Automation in a research note on Wednesday, July 19th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the stock. Rockwell Automation presently has an average rating of “Hold” and an average price target of $152.33.
In other Rockwell Automation news, VP Steven W. Etzel sold 3,000 shares of Rockwell Automation stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $158.54, for a total value of $475,620.00. Following the completion of the sale, the vice president now owns 9,465 shares in the company, valued at approximately $1,500,581.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William T. Jr/Wi Mccormick sold 432 shares of the business’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $158.07, for a total value of $68,286.24. Following the sale, the director now owns 9,109 shares of the company’s stock, valued at approximately $1,439,859.63. The disclosure for this sale can be found here. Insiders sold a total of 115,257 shares of company stock valued at $18,686,369 in the last 90 days. 1.65% of the stock is owned by company insiders.
Rockwell Automation Company Profile
Rockwell Automation, Inc (Rockwell Automation) is a provider of industrial automation power, control and information solutions for manufacturers. The Company operates through two segments: Architecture & Software and Control Products & Solutions. The Architecture & Software segment contains various hardware, software and communication components of the Company’s integrated control and information architecture capable of controlling the customer’s industrial processes and connecting with their manufacturing enterprise.
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